B - TRANS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
B - TRANS
Largest movements
- Cash +€75,049
up €75,049 (+246.4%), from €30,456 to €105,505
mainly Other debts (+€79,843) and Net result for the year (+€38,107)
- Receivables within one year -€23,466
down €23,466 (-68.8%), from €34,100 to €10,633
of which Trade receivables: -€34,100
- Tangible fixed assets -€12,849
down €12,849 (-31.5%), from €40,762 to €27,912
of which Furniture and vehicles: -€12,736
- Other debts +€79,843
up €79,843 (+479.0%), from €16,669 to €96,512
- Reserves -€77,404
down €77,404 (-71.2%), from €108,758 to €31,354
of which Distributable reserves: -€75,544
- Profit (loss) carried forward +€36,609
no longer reported in 2025 (was -€36,609)
- Tax, wage and social debts +€3,857
up €3,857 (+537.2%), from €718 to €4,575
- Trade debts -€2,893
down €2,893 (-88.1%), from €3,284 to €392
- Gross operating margin -€19,781
down €19,781 (-22.3%), from €88,657 to €68,875
- Taxes +€14,287
up €14,287 (+3103.9%), from €460 to €14,748
- Depreciation +€4,073
up €4,073 (+46.4%), from €8,777 to €12,849
- Financial charges +€1,279
up €1,279 (+771.1%), from €166 to €1,445
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,250 | €145,233 | +€37,983 | +35.4% |
| Fixed assets | 21/28 | €40,762 | €27,912 | -€12,849 | -31.5% |
| Tangible fixed assets | 22/27 | €40,762 | €27,912 | -€12,849 | -31.5% |
| Plant, machinery and equipment | 23 | €142 | €28 | -€114 | -80.0% |
| Furniture and vehicles | 24 | €40,620 | €27,884 | -€12,736 | -31.4% |
| Current assets | 29/58 | €66,488 | €117,320 | +€50,832 | +76.5% |
| Amounts receivable within one year | 40/41 | €34,100 | €10,633 | -€23,466 | -68.8% |
| Trade receivables | 40 | €34,100 | - | -€34,100 | |
| Other amounts receivable | 41 | - | €10,633 | +€10,633 | |
| Cash at bank and in hand | 54/58 | €30,456 | €105,505 | +€75,049 | +246.4% |
| Deferred charges and accrued income | 490/1 | €1,933 | €1,182 | -€751 | -38.8% |
| Total equity and liabilities | 10/49 | €107,250 | €145,233 | +€37,983 | +35.4% |
| Equity | 10/15 | €84,549 | €43,754 | -€40,795 | -48.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Outside capital | 11 | - | €12,400 | +€12,400 | |
| Other | 1109/19 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €108,758 | €31,354 | -€77,404 | -71.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €27,995 | €27,995 | = | 0.0% |
| Distributable reserves | 133 | €78,902 | €3,358 | -€75,544 | -95.7% |
| Profit (loss) carried forward | 14 | -€36,609 | - | +€36,609 | |
| Amounts payable | 17/49 | €22,701 | €101,479 | +€78,778 | +347.0% |
| Amounts payable within one year | 42/48 | €20,671 | €101,479 | +€80,808 | +390.9% |
| Trade debts | 44 | €3,284 | €392 | -€2,893 | -88.1% |
| Suppliers | 440/4 | €3,284 | €392 | -€2,893 | -88.1% |
| Taxes, remuneration and social security | 45 | €718 | €4,575 | +€3,857 | +537.2% |
| Taxes | 450/3 | €718 | €4,575 | +€3,857 | +537.2% |
| Other amounts payable | 47/48 | €16,669 | €96,512 | +€79,843 | +479.0% |
| Accrued charges and deferred income | 492/3 | €2,030 | - | -€2,030 | |
| Non-recurring operating income | 76A | - | €1,157 | +€1,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,777 | €12,849 | +€4,073 | +46.4% |
| Other operating charges | 640/8 | €1,745 | €1,728 | -€17 | -0.9% |
| Gross operating margin | 9900 | €88,657 | €68,875 | -€19,781 | -22.3% |
| Operating profit (loss) | 9901 | €78,135 | €54,298 | -€23,838 | -30.5% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €166 | €1,445 | +€1,279 | +771.1% |
| Recurring financial charges | 65 | €166 | €1,445 | +€1,279 | +771.1% |
| Profit (loss) for the period before taxes | 9903 | €77,969 | €52,855 | -€25,115 | -32.2% |
| Income taxes | 67/77 | €460 | €14,748 | +€14,287 | +3103.9% |
| Profit (loss) for the period | 9904 | €77,509 | €38,107 | -€39,402 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €77,509 | €38,107 | -€39,402 | -50.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.